PayPal Quarterly Cash Flow Statement
NASDAQ: PYPLIndustrialsDiversified Commercial ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
PayPal free cash flow
In the quarter ended Mar 31, 2026, PayPal generated $1.13 billion of operating cash flow and spent $231.0 million on capital expenditures. That left free cash flow of $903.0 million, a free-cash-flow margin of 10.8% of revenue. Free cash flow was down 6.3% from the prior year's $964.0 million.
PayPal returned $1.63 billion to shareholders: $130.0 million in dividends and $1.50 billion in share repurchases, equal to 181% of free cash flow. Free cash flow covered dividend payments 6.9 times.
Summary generated from market data by MetaCap's automated system. Methodology
PayPal cash flow statement (quarterly)
| Quarter (USD) | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 | Q2 20232023-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 1.11B | 1.44B | 1.25B | 1.26B | 1.29B | 1.12B | 1.01B | 1.13B | 888.00M | 1.40B | 1.02B | 1.03B |
| Net Income growth (YoY) | -13.52% | +28.19% | +23.56% | +11.79% | +44.93% | -20.04% | -0.98% | +9.62% | +11.70% | +52.23% | -23.31% | — |
| Depreciation & Amortization | 238.00M | 234.00M | 245.00M | 239.00M | 245.00M | 249.00M | 255.00M | 263.00M | 265.00M | 263.00M | 270.00M | 269.00M |
| Stock-Based Compensation | 259.00M | 210.00M | 257.00M | 286.00M | 249.00M | 283.00M | 284.00M | 298.00M | 365.00M | 388.00M | 379.00M | 363.00M |
| Change in Working Capital | -242.00M | 143.00M | 170.00M | -15.00M | -365.00M | 113.00M | -16.00M | 132.00M | -61.00M | -66.00M | -65.00M | 24.00M |
| Operating Cash Flow | 1.13B | 2.38B | 1.97B | 898.00M | 1.16B | 2.39B | 1.61B | 1.52B | 1.92B | 2.61B | 1.26B | -200.00M |
| Capital Expenditures | -231.00M | -194.00M | -256.00M | -206.00M | -196.00M | -203.00M | -169.00M | -157.00M | -154.00M | -145.00M | -158.00M | -150.00M |
| Investing Cash Flow | -2.10B | -298.00M | 4.77B | -40.00M | -3.64B | 2.46B | 2.80B | -4.55B | 980.00M | -534.00M | -307.00M | 1.44B |
| Dividends Paid | -130.00M | — | — | — | 0 | — | — | — | — | — | — | — |
| Share Repurchases | -1.50B | -1.50B | -1.50B | -1.55B | -1.50B | -1.27B | -1.78B | -1.50B | -1.50B | -607.00M | -1.43B | -1.53B |
| Debt Issued | 930.00M | 400.00M | 746.00M | 0 | 1.49B | 0 | 132.00M | 1.30B | 115.00M | 699.00M | 109.00M | 648.00M |
| Debt Repaid | -932.00M | -201.00M | -747.00M | -1.21B | 0 | -1.25B | 0 | -52.00M | -359.00M | -111.00M | 0 | -937.00M |
| Financing Cash Flow | -559.00M | -1.95B | -1.83B | -3.17B | 994.00M | -3.58B | -2.53B | 200.00M | -2.36B | 3.00B | 61.00M | -3.27B |
| Net Change in Cash | -1.57B | 165.00M | 4.87B | -2.12B | -1.39B | 956.00M | 2.08B | -2.82B | 441.00M | 5.25B | 968.00M | -2.08B |
| Free Cash Flow | 903.00M | 2.19B | 1.72B | 692.00M | 964.00M | 2.19B | 1.45B | 1.37B | 1.76B | 2.47B | 1.10B | -350.00M |
This table shows 12 quarterly periods of PayPal's cash flow statement, from Q1 2026 back to Q2 2023, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow PYPL's reporting calendar. What is a cash flow statement?